Taxes / IRS
It seems like every website today requires you to create and remember a password. So, why are we jumping on board and asking you to create yet another one?
We need to verify that you are who you say you are. For security reasons, parts of our system require a user name and password because your name, address and last four digits of the credit card information is accessible only to users.
Activating your account for the first time will allow you to store your name, address and contact information. After the initial activation, you can access and change your information at any time with your user name and password.
Over the course of the past several months, we’ve received many requests from donors that we offer automatic monthly giving. Donors want the ease of monthly giving, and, as many have noted, it's far more convenient to give $10 a month than $120 all at once. In addition, it gives the organization a certain amount of security to know that a base amount of money will be coming every month, year round. With monthly recurring giving, a donor selects the amount they wish to give, and the payment is made automatically each month.
The IRS Form 990 is the nonprofit's equivalent to the individual tax return (Form 1040). For the most part, nonprofits must file this form every year. A nonprofit's Form 990 is public record.
For a variety of reasons, there are different expectations placed upon nonprofits regarding transparency and information disclosure. Some of these are due to legal and regulatory factors — as required to retain status as a nonprofit organization (for example a 501(c)3 tax exempt organization). Some of it is a societal expectation for a nonprofit to be more transparent. If a donor is making a contribution to a charitable cause, that donor is entitled to more information.
Studying various organizations' IRS Forms 990 allows donors to:
• pick legitimate nonprofit organizations spending donors' money wisely and focusing on the charitable mission
• identify individuals and organizations wasting funds on unjustified high salaries and expenses
To find nonprofit organization Form 990 please go to:
As a donor, you are exposed to an extended network of organizations. Schools, animal shelters, disaster relief and environmental organizations, churches, social and ethnic clubs, hospitals, cultural organizations, and many more. They are grouped into joined or separate geographically dispersed networks. For example: if you are willing to donate or volunteer to help homeless animals, you can choose from the list of animal shelters closest to your home. This allows you to witness the outcome of your contribution firsthand. This is particularly beneficial when the donation was dedicated specifically towards a verifiable goal that you can watch become reality.
The Benefits of Accepting Donations Online
In case you’re skeptical, here are some reasons your organization should be collecting donations online.
Impulse Donors and Busy Donors are More Likely to Give
Donating online is easy and quick. Donors don’t need to write a check, put anything in the mail or follow up to make sure you received their donation. Due to the simplicity and speed, you are more likely to capture impulse donors who were moved by your organization from the content on your website. You’re also more likely to capture people who want to support your organization, but just don’t have, or think they don’t have, the time to go through a long donation process.
Donors Can Easily Give Recurring Gifts
Many of the online donation tools make it easy for donors to give on a recurring basis, which in turn brings more money to your organization. It’s also usually pretty easy to set up automatic recurring donations can save a lot of valuable time for your staff. They’ll no longer need to send out reminders or remember to manually enter donations on a recurring basis. All of that is already done for them.
Online Giving is Growing Substantially
Online giving grew 10.7% in 2012, and 14.3% for organizations with annual fundraising between $1 million and $10 million. This trend seems unlikely to slow anytime soon, especially as the generations that grew up with technology get older and acquire more disposable income.
Now is a good time to start to accept donations online (if you’re not already doing so).
Your Nonprofit Can Build Relationships with Younger Donors
Younger individuals are much more likely to donate online. Given that over 55% of their online donor sample was under the age of 46, an opportunity exists for organizations to start building a giving relationship with a typically difficult market segment. While the younger demographics’ online donations may be relatively small, getting their contact information, sending them updates and thanking them for a donation can lead to larger future gifts and stronger advocates.
The Right Online Donation Tool for Your Situation
There are what seems like hundreds of different ways to accept donations online. While some are generally better than others, I thought it would be more appropriate to suggest the best donation tool based on your current situation. Of course, many of the tools can be used for multiple situations, but I felt like some fit better than others for certain needs. Make sure to covere the following situations here:
You Want the Easiest Possible Setup and Installation on Your Website
You Want to Accept Recurring Donations
You Want to Collect Additional Donor Info and You Have a Techie Available
You Want to Allow Event Attendees to Donate Online for Their Ticket
NobleActs enables Managers and Treasurers of nonprofits to track individual donations and donation flow. We generate donation reports, and help you prepare your IRS 990 report, as well as many other predefined financial statements. You can easily access the reports and track the progress of donations. Selected reports can be viewed directly by your donors allowing them to see the cumulative effects of their contributions.
Allow us to be your first source for unique online tools and administrative control of online contributions